BP to write off up to USD17.5 billion on lower long-term prices, COVID-19

BP to write off up to USD17.5 billion on lower long-term prices, COVID-19
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15.06.2020

MOSCOW (MRC) -- BP says it expects to take an estimated USD13.0-17.5 billion hit in non-cash impairments and write-offs in the second quarter of 2020 after lowering its long-term assumptions for oil and gas prices, as per Chemweek.With the COVID-19 pandemic have continued during the second quarter, BP also "now sees the prospect of the pandemic having an enduring impact on the global econ

Full article at mrcplast.com

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